That’s part of the title of a recent article in Automotive News (subscription required) describing Dyson’s decision to stop the development of an electric vehicle. As described in a prior post as well as here on TaaS Master, the company described an inability to make EVs a commercially viable business as the reason for the change (although the company will continue to develop solid state batteries, vision systems as well as machine learning and AI capabilities). Automotive News describes other troubling signs around EV development as well, such as Nio’s losses in China and Tesla’s uncertain future. As happens with any new industry development, there are periods of rapid growth coupled with periods of category uncertainty. What’s not uncertain, however, is that the EV train has left the station and there’s probably no turning back. As governments mandate lower emissions and GM, VW, Rivian and others continue to pour massive development dollars into EVs, an electric vehicle future seems almost certain. It’s the future of the internal combustion engine that appears limited as discussed HERE. If there’s any uncertainty about EVs, it’s the uncertainty involving the speed of adoption, not the end state of actual adoption.
Is the EV Bubble Bursting?
